Analysis of China's Phosphate Fertilizer Import and Export Data for November 2023

June 12, 2024, 9:21 AM

Feidoodoo

2318

Guide

Highlights at a glance

In November 2023, China exported 218,500 tons of Monoammonium Phosphate (MAP), up 10.97% year-on-year and 37.46% from the previous month, with an average export price of $482.43/ton. Cumulative January–November exports reached 1.91 million tons, rising 2.08% annually. MAP imports surged to 799.88 tons, a massive year-on-year and monthly increase, though at a low average price of $0.68/ton. Top export destinations included Brazil, Australia, and India. For Diammonium Phosphate (DAP), exports hit 615,700 tons in November, soaring 206.18% year-on-year and 39.68% monthly, averaging $567.60/ton. Year-to-date DAP exports totaled 4.67 million tons, up 40.34%. DAP imports rose slightly to 100.56 tons, priced at $915.20/ton, but annual imports dropped 61.60%. Major DAP markets were India, Vietnam, and Japan.

Monoammonium Phosphate (MAP):
According to customs data, in November 2023, China exported 218,500 tons of MAP, an increase of 2,160 tons year-on-year, up 10.97%. Compared to the previous month, there was an increase of 5,950 tons, up 37.46%. The average export price for the month was $482.43 per ton. From January to November 2023, the cumulative export total was 1,914,100 tons, an increase of 39,100 tons year-on-year, up 2.08%.

In November 2023, China imported 799.88 tons of MAP, an increase of 773.98 tons year-on-year, up 2988.34%. Compared to the previous month, there was an increase of 799.68 tons, up 399840.00%. The average import price for the month was $0.68 per ton. From January to November 2023, the cumulative import total was 1,201.07 tons, an increase of 813.16 tons year-on-year, up 209.63%.

The top four export destinations for China's MAP in November 2023 were Brazil, Australia, India, South Africa, Malaysia, Japan, Indonesia, and Mexico, accounting for 50%, 13%, 10%, 5%, 5%, 4%, 4%, and 2% of the total exports respectively.

Diammonium Phosphate (DAP):
According to customs data, in November 2023, China exported 615,700 tons of DAP, an increase of 414,600 tons year-on-year, up 206.18%. Compared to the previous month, there was an increase of 174,900 tons, up 39.68%. The average export price for the month was $567.60 per ton. From January to November 2023, the cumulative export total was 4,668,800 tons, an increase of 1,342,000 tons year-on-year, up 40.34%.

In November 2023, China imported 100.56 tons of DAP, an increase of 100.48 tons year-on-year, up 125593.75%. Compared to the previous month, there was an increase of 100.00 tons, up 18050.72%. The average import price for the month was $915.20 per ton. From January to November 2023, the cumulative import total was 125.94 tons, a decrease of 202.01 tons year-on-year, down 61.60%.

The top seven export destinations for China's DAP in November 2023 were India, Vietnam, Japan, Pakistan, the Philippines, Thailand, and New Zealand, accounting for 77%, 8%, 3%, 3%, 3%, 2%, and 2% of the total exports respectively.

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